LIQUID GAS EQUIPMENT LIMITED
Operating as Babcock LGE, the company is a subsidiary of the listed Babcock International Group that designs and supplies liquid gas handling systems for the marine industry.
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Cash
£883K
+44,050% vs 2024
Net assets
-£9.5M
+4.4% vs 2024
Employees
166
+9.9% vs 2024
Profit before tax
£911K
-32.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £185,353,000 | £267,896,000 | +44.5% | |
| Operating profit | -£2,537,000 | -£3,785,000 | -49.2% | |
| Profit before tax | £1,347,000 | £911,000 | -32.4% | |
| Net profit | £1,345,000 | £433,000 | -67.8% | |
| Cash | £2,000 | £883,000 | +44,050% | |
| Total assets less current liabilities | -£4,472,000 | £2,867,000 | +164.1% | |
| Net assets | -£9,918,000 | -£9,485,000 | +4.4% | |
| Equity | -£9,918,000 | -£9,485,000 | +4.4% | |
| Average employees | 151 | 166 | +9.9% | |
| Wages | £10,289,000 | £11,392,000 | +10.7% | |
| Directors' remuneration | £292,000 | £299,000 | +2.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -1.4% | -1.4% | |
| Net margin | 0.7% | 0.2% | |
| Return on capital employed | — | -132.0% | |
| Gearing (liabilities / total assets) | 104.6% | 104.5% | |
| Current ratio | 0.54x | 0.83x | |
| Interest cover | -0.68x | -2.29x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- LIQUID GAS EQUIPMENT LIMITED 2013-01-03 → present
- LGE PROCESS LIMITED 2012-11-30 → 2013-01-03
- MM&S (5742) LIMITED 2012-10-11 → 2012-11-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the above assessment, the Directors have concluded that the Company has adequate resources to continue as a going concern for at least 12 months from the date of signing these financial statements. The Directors have not identified any material uncertainties related to events or conditions that may cast significant doubt upon the Company's ability to continue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- LIQUID GAS EQUIPMENT LIMITED · parent
- LGE IP Management Company Limited 100%
- Liquid Gas Equipment LLC 100%
- Liquid Gas Equipment (Singapore) Pte. Limited 100%
Significant events
- “In April 2025 the Company acquired a 1.48% equity interest in Aqualung Carbon Capture AS for £1,550,000.”
- “Also in April 2025, the Company incorporated Liquid Gas Equipment (Singapore) Pte. Limited, a wholly owned subsidiary in Singapore, to provide support services in the region, including to vessels operating the company's cargo handling systems.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BABCOCK CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2015-12-09 | — | — |
| ABBOTT, Matthew Thomas | Director | 2024-11-15 | Mar 1978 | British |
| CAMPBELL, Neale Edward Courtney | Director | 2012-11-29 | Jun 1965 | British |
| WILSON, Andrew James | Director | 2024-11-15 | Jun 1965 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBINSON, Gary | Secretary | 2012-11-29 | 2016-01-08 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2012-10-11 | 2012-11-29 |
| DAVIES, Ralph | Director | 2012-11-29 | 2013-10-30 |
| DOHERTY, Shaun, Dr | Director | 2022-06-30 | 2024-09-30 |
| DUCKETT, Alan Roderick | Director | 2012-11-29 | 2023-05-03 |
| HALL, Jonathan, Dr | Director | 2012-12-28 | 2021-03-31 |
| HARDY, Mark William | Director | 2012-12-28 | 2018-03-31 |
| JONES, Matthew | Director | 2018-04-01 | 2019-09-06 |
| LINDSAY, Ian | Director | 2012-12-28 | 2018-08-31 |
| MARTINELLI, Franco | Director | 2012-12-28 | 2016-09-19 |
| ROBINSON, Gary | Director | 2012-11-29 | 2016-01-08 |
| TRUESDALE, Christine | Director | 2012-10-11 | 2012-11-29 |
| URQUHART, Iain Stuart | Director | 2016-09-19 | 2022-06-30 |
| VINDEX LIMITED | Corporate Director | 2012-10-11 | 2012-11-29 |
| VINDEX SERVICES LIMITED | Corporate Director | 2012-10-11 | 2012-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Babcock Integrated Technology Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-16 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-05-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-16 | AA | accounts | Accounts with accounts type full | |
| 2021-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-28 | CH01 | officers | Change person director company with change date | |
| 2021-04-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-31 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.